Fri, Jun 28, 7:58 PM (71 days ago)
PCS Edventures!, Inc. reported strong financial performance for the fiscal year ended March 31, 2024, with record revenue of $9,094,466, up from $7,004,575 in the previous year. Net income also saw a significant increase, reaching $4,441,188 compared to $2,776,176 in fiscal 2023. The growth was driven by successful solicitation of larger customers, including a major contract with the Air Force JROTC. Operating expenses rose to $2,927,598 from $2,393,503, primarily due to increased salaries and general administrative costs. The company fully realized its tax-loss carry-forward asset, contributing $1,529,793 to net income. PCS Edventures! maintains a strong financial condition with $1,329,708 in cash and a current ratio of 13.04. The future outlook remains positive with continued profitability expected in fiscal 2025.